On Monday, the shares of a leading original equipment manufacturer in the automotive industry rose 2.3 percent to Rs 908 apiece,upon an Rs 180 crore order for original equipment supply from a foreign customer.
At 1:30 p.m., Divgi TorqTransfer Systems Ltd shares were trading at Rs 891.45 a share on the National Stock Exchange, up Rs 4.65 or 0.52 percent,with a market capitalization of Rs 2,726 crores.
According to the Company’s exchange filing, the company has been awarded a new order from an overseas customer, BorgWarner Inc. to supply components and Tooling Reimbursement for their Automotive original equipment for a five-year order of Rs 180 crores.
Company’s revenue increased by 16 percent year on year, from Rs 233 crore in FY 21-22 to Rs 271 crore in FY 22-23.while Net profit climbed by 11 percent within the same period, from Rs 46 crore to Rs 51 crore.
Stock has gained 47 percent to current levels from Rs 605.20 in the last four months from the day of listing.
Divgi TorqTransfer Systems Ltd achieved a return on equity ratio of 9.28 percent and a return on capital employed ratio of 12.41 percent, with a net profit margin of 18.87 percent and an operating margin of 25.49 percent.
As per current shareholding pattern,the promoters own 60.49 percent of the company, while domestic institutional investors own 26.22 percent and retail investors own 10.2 percent,
Divgi Torqtransfer system provides torque transfer and transmission solutions to original equipment manufacturers(OEMs) for passenger, commercial, electric, and agricultural vehicles and is a major supplier of transfer case systems to Automotive OEMs.
Written by Omkar Chitnis
